PDVSA Bondholders Rally Troops

Investors holding part of a $2.5-billion bond issued by PDVSA are meeting in front of a interest payment that is due this Friday. They are supposed to make a $107 million payment.

The collateral? Citgo. 

What are the odds that they miss this payment? $107 million isn't much in the grand scheme of things, but it sure is a lot when you have nothing.

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